If you thought the recent memecoin liquidity scams were bad, just wait until the market maker scheme unravels.
Here’s how it works:
Market makers secure loans to acquire tokens at a discount. They offload those tokens for a hefty profit, driving prices down, triggering liquidations, and effectively nuking the chart.
Once the price bottoms out, they quietly buy back at a lower cost. Then, when the project finally lands its exchange listings, the price rebounds, and market makers dump again at the top.
Here’s the kicker - by securing those listings within a year, they sidestep high strike fees. The result? A perfectly legal rinse-and-repeat cycle where market makers and exchanges win every time - at the retail investor’s expense.
At this point, I don’t think this is a conspiracy. I’m just waiting for the house of cards to collapse.